March 26, 2026, National: Tata Power, one of India’s largest integrated power companies has been positioned in the ‘Next Leaders’ category of the Indian Corporate Governance Scorecard Assessment 2025 undertaken by the Institutional Investor Advisory Services India Ltd (IiAS) for 2025.

The inclusion is an outcome of an annual assessment of the S&P BSE 100 companies on the Indian Corporate Governance Scorecard framework, which has been jointly developed by the International Finance Corporation (IFC), BSE, and IiAS and is based on the G20/OECD principles of Corporate Governance and assesses company level governance practices across four equally weighted pillars: rights and equitable treatment of shareholders, sustainability and resilience, disclosures and transparency, and responsibilities of the board.

This was the 10th edition of  IiAS Indian Corporate Governance Scorecard, marking a decade of tracking the evolution of governance practices in corporate India. The 2025 assessment indicates a more mature governance landscape, with the focus shifting beyond formal compliance toward the quality of oversight, resilience, transparency, and long-term value creation.

Institutional Investor Advisory Services India Limited (IiAS) is an advisory firm that provides capital markets with independent opinions, data, and analysis on governance and ESG, including voting recommendations and ESG ratings in India, through its wholly owned subsidiary IIAS Sustainability Solutions. The Indian Corporate Governance Scorecard, originally developed by IFC-BSE-IIAS, is built around the G20/OECD Principles of Corporate Governance. IiAS is a SEBI Research Analyst body.

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A Chartered Accountant, Post graduated from Gujarat University, and a member of the ICAI, Vipin Kaushik brings over 20 years of rich experience spanning corporate finance, strategy, accounts, taxation, and compliance. He also holds Diplomas in International Financial Reporting from ACCA, U.K., and Management and Business Finance from ICAI, along with certifications in AI, GST, and the Independent Director’s Databank.

In his new role, Vipin Kaushik will lead the company’s financial operations, oversee financial planning and analysis, strengthen risk management and compliance frameworks, and play a strategic role in boosting Servotech’s next phase of global growth and innovation. Vipin Kaushik has been a key contributor to Servotech’s financial discipline and growth journey, having previously served as the Financial Controller.

Commenting on his elevation, Vipin Kaushik, Chief Financial Officer, Servotech Renewable Power System Ltd. said, “I am truly honoured and excited to take on the role of CFO at Servotech Renewable at such a defining moment in the Servotech’s next phase of growth. As the industry continues to evolve rapidly, my focus will be on optimizing capital allocation, improving operational efficiencies, and building agile financial strategies that align with the company’s global expansion goals. I am eager to scale new opportunities and reinforce stakeholder confidence as we accelerate towards a cleaner and more sustainable energy future.”

Speaking on the elevation, Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd. said, “We are pleased to elevate Vipin Kaushik to the role of CFO. His deep financial expertise, strategic mindset, and strong understanding of our business have been instrumental in strengthening Servotech’s financial foundation. As we scale our operations and expand our global footprint, his leadership will play a critical role in driving financial discipline, enhancing governance, and supporting sustainable, long-term growth.”

Vipin Kaushik has previously held senior leadership roles, including CFO, at reputed banking and global organizations, including ICICI Bank, Delhivery Ltd., V2 Retail Ltd., and Franchise India Group. His diverse cross-sector experience equips him with a well-rounded perspective to steer Servotech’s financial strategy in a rapidly evolving global industry landscape.

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